Popular vodka maker files bankruptcy citing slew of problems and up to $100 million debt ...Middle East

The U.S. Sun - News
Popular vodka maker files bankruptcy citing slew of problems and up to $100 million debt
source : The U.S. Sun ( Middle East ) () 64
A POPULAR vodka maker has filed for Chapter 11 bankruptcy protection in court last week. Stoli Group USA is struggling to stay afloat in the premium alcoholic beverages market, citing an array of issues including millions in debt. GettyA popular vodka company filed for Chapter 11 bankruptcy protection on November 27[/caption] GettyStoli Group USA cited millions of dollars in debt and an array of issues[/caption] Stoli Group USA owns a dozen spirits and wine brands and is known for its premium vodka, Stolichnaya. The company is a segment within The Stoli Group and is owned by the global beverage company SPI Group. After a wave of financial struggles, Stoli Group US

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